Entrepreneurship Studies and Development of Small and Medium Scale Enterprises in Anambra State, Nigeria

Abstract

This study examined the effect of entrepreneurial studies on the development of Small and Medium Scale Enterprises in Anambra State, Nigeria. The specific objectives were to; determine the effect of entrepreneurship studies on employment generation, examine the effect of entrepreneurship studies on the production of goods and services and ascertain the effect of entrepreneurship skills on the performance of small and medium scale Enterprises (SMEs) in Anambra State, Nigeria. The research instrument used for collection of data was the questionnaire, and the population of the study consists of 300 senior staff of Small and Medium Enterprises in Anambra State with sample size of 160 senior staff. The statistical tools used to analyze the data and test the hypotheses were percentages and Chi-square respectively. The result of the test of hypotheses revealed that there is a significant relationship between
entrepreneurship studies and employment generation. The study further revealed that entrepreneurship studies have significant relationship with production of goods and services and that entrepreneurship skills enhance the performance of SMEs in Nigeria. Based on the findings, the study and recommends that funding of entrepreneurship education should be taken seriously by the federal government. This can be achieved through increase in the budgetary allocation to educational sector. Entrepreneurship education should be inculcated into the school curriculum to promote human empowerment and development through entrepreneurial skill acquisition. This will help in reducing unemployment, since it is skilled oriented and employment motivated.